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  • This briefing paper compares the development of Carbon Capture, Utilization, and Storage (CCUS) and Direct Air Capture (DAC) in the United States and China. The U.S. is leading in infrastructure and policy incentives, notably through the Inflation Reduction Act's 45Q tax credits. China is rapidly expanding its project portfolio but faces significant regulatory gaps and a lack of structured financial support. The document outlines a bilateral commitment under the Sunnylands Statement to develop five large-scale cooperative projects each by 2030, with a 2024 focus on hard-to-abate industries, market environments, infrastructure, and carbon removal.

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    Document type: Briefing

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